Dana Investment Advisors Inc. reduced its holdings in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 23.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,675 shares of the company’s stock after selling 12,812 shares during the period. Dana Investment Advisors Inc.’s holdings in Howmet Aerospace were worth $8,374,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of HWM. Global Trust Asset Management LLC raised its position in shares of Howmet Aerospace by 1.2% during the 3rd quarter. Global Trust Asset Management LLC now owns 4,110 shares of the company’s stock valued at $807,000 after acquiring an additional 50 shares during the last quarter. REAP Financial Group LLC boosted its position in shares of Howmet Aerospace by 24.1% in the 3rd quarter. REAP Financial Group LLC now owns 263 shares of the company’s stock worth $52,000 after purchasing an additional 51 shares during the last quarter. Tradewinds Capital Management LLC increased its holdings in Howmet Aerospace by 52.0% in the third quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after purchasing an additional 52 shares during the last quarter. Wedbush Securities Inc. lifted its stake in Howmet Aerospace by 1.4% in the third quarter. Wedbush Securities Inc. now owns 3,885 shares of the company’s stock valued at $762,000 after buying an additional 52 shares during the period. Finally, Mystic Asset Management Inc. lifted its stake in Howmet Aerospace by 2.6% in the third quarter. Mystic Asset Management Inc. now owns 2,154 shares of the company’s stock valued at $423,000 after buying an additional 55 shares during the period. 90.46% of the stock is owned by institutional investors.
Howmet Aerospace Price Performance
Shares of NYSE HWM opened at $256.51 on Tuesday. The company has a fifty day moving average price of $219.50 and a 200 day moving average price of $201.06. The firm has a market cap of $102.84 billion, a PE ratio of 69.14, a PEG ratio of 2.57 and a beta of 1.26. The company has a current ratio of 2.13, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. Howmet Aerospace Inc. has a 1-year low of $105.04 and a 1-year high of $258.83.
Howmet Aerospace Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Friday, February 6th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, February 6th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.94%.
Insider Activity
In other news, EVP Neil Edward Marchuk sold 45,150 shares of Howmet Aerospace stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $251.70, for a total value of $11,364,255.00. Following the sale, the executive vice president directly owned 107,008 shares in the company, valued at $26,933,913.60. This trade represents a 29.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.12% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on HWM shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a research report on Thursday, January 22nd. TD Cowen reaffirmed a “buy” rating on shares of Howmet Aerospace in a research note on Friday, October 31st. Bank of America lifted their price target on shares of Howmet Aerospace from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday. Truist Financial set a $258.00 price objective on shares of Howmet Aerospace in a research report on Friday, January 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $280.00 price objective on shares of Howmet Aerospace in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $252.95.
Check Out Our Latest Report on Howmet Aerospace
Howmet Aerospace Company Profile
Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.
Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.
See Also
- Five stocks we like better than Howmet Aerospace
- Elon Musk already made me a “wealthy man”
- Elon’s Secret AI Partner?
- Silver $500? The “Deficit Math” says it’s possible.
- Elon Musk: This Could Turn $100 into $100,000
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
Want to see what other hedge funds are holding HWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howmet Aerospace Inc. (NYSE:HWM – Free Report).
Receive News & Ratings for Howmet Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howmet Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.
